Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 92 - SMALL BUSINESS EXPANSION LOAN FUND (OREGON ROYALTY FUND)
Section 123-092-0080 - Servicing, Amendments and Modifications
Universal Citation: OR Admin Rules 123-092-0080
Current through Register Vol. 63, No. 3, March 1, 2024
(1) All loans shall be monitored by, and all loan repayments shall be made to, the Department.
(2) It is the responsibility of the borrower to ensure that the Department receives its payment by the due date.
(3) Any request for modification or amendment to any loan condition including extension of payments shall be made in writing to the Department and approved or declined by the Chair of the Finance Committee, or the Director for loans with a principal balance of $250,000 or less.
Statutory/Other Authority: ORS 285B.092 & OL Ch 71 2018
Statutes/Other Implemented: OL Ch 71 2018
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